There has been a significant decline in production and sales, reads the annual survey of the Bulgarian Industrial Association regarding the business climate in 2023. The least affected are salaries, which in 2023 increase in 71% of the companies.
The numerous crises that have accumulated over the past 2-3 years have inevitably had an impact on the companies’ indicators, all of which marked drastic declines as compared to the pre-crisis 2019. Production and sales volumes, as well as foreign markets, are decreasing. Nevertheless, incomes are growing, the business says. 85% of respondents said they had offset inflation in their employees' incomes. 65% of them increased wages, 12% gave an annual bonus, 7% gave a quarterly bonus and 16% increased the amount given in the form of food vouchers.
The direct losses for Bulgaria from the delayed full accession to the Schengen Area amount to EUR 424 million, caretaker Minister of Economy Petko Nikolov said . He quoted a report by the Economic Research Institute at the Bulgarian Academy of..
IT is one of the leading sectors in terms of salary increases and interest by job seekers in Bulgaria. Before the pandemic all kinds of experts were being hired regardless of their expertise or practical skills, but now preference is given to people..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
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